Let me tell you a possibility.

The fourth upward surge in 2019 (now the fourth upward surge in 2024), using 4 main rising waves of 4h K, directly pulled up 30 points, is it a bullish return?

In addition, 2019 is also the Fed's interest rate cut cycle.

If it cannot pull up the 70k of the third upward surge, and the daily line has been distributed horizontally, it is difficult to say that it is a bullish return.

Of course, we can't go short here. Compared with the upward surge in 2019, there is still room. Let's observe. This is a trend that has never been seen in history.